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October 23, 2020

Turkey
The Changing Nature of Turkey’s Balance Sheet Risks

Pay attention to banking system's foreign currency exposure to the government ...

The Changing Nature of Turkey’s Balance Sheet Risks

January 14, 2021

Conflict Prevention
What to Worry About in 2021

With attention focused on a slew of pressing domestic crises the new Biden Administration will have to contend with, U.S. policymakers should not ignore the risks of serious international conflicts e…

South Korean Marines patrol on Yeonpyeong Island, on June 17, 2020.

October 13, 2020

Syria
Despite Ceasefire Agreement, Turkey Implicated In More Than Eight Hundred Violations

Amy Austin Holmes is a Council on Foreign Relations International Affairs Fellow at the Woodrow Wilson International Center for Scholars. One year ago, Turkish President Recep Tayyip Erdogan prom…

Smoke rises above the Syrian border town of Tel Abyad, as seen from Turkey, on October 13, 2019.

December 18, 2020

Transition 2021
Transition 2021: How Much Foreign Policy Leverage Is Trump Leaving Biden?

Each Friday, I look at what is happening in President-Elect Joe Biden’s transition to the White House. This week: The Biden administration may have less leverage to strike winning deals than he, and …

President-Elect Joe Biden stands behind a podium labelled "Office of the President Elect."

December 17, 2020

2020 in Review
Ten Most Significant World Events in 2020

Four years ago stories appeared asking whether 2016 was the worst year ever. Well, 2020 has 2016 beat. You would have to go back to 1968 to find a year filled with as much turmoil. Yes, the past twel…

Pakistan students

November 16, 2020

Technology and Innovation
Revisiting Section 230: The Implications Are International

In reconsidering the provision, it is important to be mindful of the risk of overcorrections and unintended consequences.

CEO of Google and Alphabet Sundar Pichai appears on a monitor as he testifies remotely during the Senate Commerce, Science, and Transportation Committee hearing on Section 230.

October 30, 2020

Currency Reserves
It Is Time To Scrap the IMF's Reserve Adequacy Metric

The IMF reserve metric isn't working: it is failing to differentiate between obviously under-reserved countries like Turkey and Argentina and adequately reserved countries like China.

It Is Time To Scrap the IMF's Reserve Adequacy Metric

May 5, 2020

Turkey
Turkey Shows the Value of Balance Sheet Analysis

Selling reserves borrowed from the banks ultimately puts the health of Turkey's banks at risk.

Turkish External Debt (USD BIllions)

October 9, 2020

Election 2020
Campaign Foreign Policy Roundup: VP Candidates Discuss Foreign Policy

Each Friday, I look at what the presidential contenders are saying about foreign policy. This week: Kamala Harris and Mike Pence discussed U.S. policy toward China and U.S. global leadership at Wedne…

Senator Kamala Harris and Vice President Mike Pence sit across from each other separated by plexiglass on the stage of the vice-presidential debate.